The USD/CAD pair dropped a little and now it has reached a support zone, a demand area. The price slipped lower as the Dollar Index has retreated. The currency pair could develop a new leg higher if the DXY starts increasing again. The bias remains bearish despite a temporary decline. The United …
Silver More Gains Still In Cards!
Silver rallied in the short term as the US Dollar has depreciated versus its rivals even if the United States Non-FarmPayrolls and the Unemployment Rate come in better than expected on Friday. In the short term, the DXY is under strong selling pressure, further drop could help the XAG/USD buyers to …
EUR/JPY Correction Seems Over!
EUR/JPY is trading in the green at 132.00 psychological level but further growth is still uncertain. The rate challenges strong immediate resistance levels, so we have to wait for a valid breakout before looking for new long opportunities. The pair was into a corrective phase but the price action …
